Why Negotiation's a Big Deal With Credit Repair"H.O.P.E. To Own" your Own Home! setTimeout(function () { $(document).ready(function(){ $('#myModal').modal(); }); }, 5000);

Buy a home with bad credit

Negotiating Needs for Your “House Party”: Why Negotiation’s a Big Deal With Credit Repair

21 Jan , 2015  

If you’ve ever thrown a house party before, you’d know that one of the biggest deals and headaches in the world to monopolize your attention is the fact that you have to figure out the funds and logistics for all the equipment, catering and other materials to make your guests happy. Sometimes it’s just not fun, hence why event planners and coordinators seem to make a boatload of money doing what they do (because we don’t want to do it!)

In a way, credit repair’s very much similar. However, practice makes perfect. And even if you’re not an event planner or caterer by profession, you can be a proficient one by practice and choice and save some money in the process. (Have I taken this metaphor too far?)

In Reality, Credit Repair’s All About Working With Creditors and Banks

You have to get used to it. If you don’t, you’ll just be saddled with the debts for the rest of your life until you somehow pay off those amounts and get them erased from your credit report. You can, though, renegotiate with creditors as well as make your payments regularly and possibly settle for a smaller amount, saving you money and time and getting the best benefit of all: a cleaner credit report and a better credit score.

The same can be said for any high school graduate wondering where to get the money (from allowance or that part-time job at Subway) to pay for everything for the party:credit repair money

  • Drinks
  • Food
  • Music
  • DJ
  • Linens
  • Balloons
  • Video
  • Etc., Etc.

It’s a huge expense. But if you can cut down the expenditures some, do it.

Working With Creditors Will Only Benefit You and Your Credit Repair Goals

It’s not uncommon for a bank or finance company to negotiate with you some sort of a deal to make a partial payment and wipe the slate clean. If you ever get that option, take it. You won’t get it, though, unless you take that first step and approach a creditor about it.

Don’t worry, though, about it not being an actual full payment, because any lender won’t see it as a negative given the fact that it shows you were taking a proactive initiative to repair your own credit. It certainly says a lot about your character. And your ability to throw a great house party, by the way!

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